Mela Artisans

Mela Artisans

Early Stage

Handcrafted home decor that celebrates heritage and drives social impact

Handcrafted home decor that celebrates heritage and drives social impact

Overview

Raised to Date: Raised: $2,000

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

03/17/2024

Close Date

01/31/2025

Min. Goal
$5,001
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

15%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

290

% of Min. Goal

40%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$69

# of Investors

2

Momentum
cold.svg
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Year Founded

2010

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Location

Boca Raton, Florida

Mela Artisans, with a valuation of $10 million, is raising funds on Dealmaker Securities. The company has created a supply chain and network of highly skilled artisans to sell their products at scale. Mela Artisans partners with over 3,500 artisans across India and provides fair wages and a global market for their goods. The aim of the business is to preserve cultural heritage while meeting the consumer demand for high-quality and unique home goods made meaningfully. Navroze Mehta and Sonali Mehta-Rao founded Mela Artisans in October 2010. The current crowdfunding campaign has a minimum target of $5,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, product development, inventory, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$4,207,771

$4,057,960

COGS

$2,685,188

$3,151,288

Tax

$-2,104

$-2,512

 

 

Net Income

$-3,895,188

$-2,003,493

Summary Balance Sheet

FY 2022 FY 2021

Cash

$38,606

$31,714

Accounts Receivable

$181,975

$286,699

Total Assets

$1,153,641

$1,356,432

Short-Term Debt

$5,093,471

$2,133,275

Long-Term Debt

$4,911,459

$4,276,231

Total Liabilities

$10,004,930

$6,409,506

Financials as of: 03/17/2024
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Mela Artisans on Dealmaker Securities 2024
Platform: Dealmaker Securities
Security Type: SAFE
Valuation: $10,000,000

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